India emerges as World’s second largest mobile producer

share on:

Latest information by Indian Cellular Association (ICA) stated that India is the second largest mobile phone producer in the world. The annual production of 11 million units in 2017 is much higher as compared just 3 million units in 2014.

The data was backed by market research firm HIS Markit Ltd., China’s Bureau of Statistics and Vietnam general Statistics office.

India replaced Vietnam to become the second largest producer of mobile phones in 2017 after China. The rise in mobile production also reduced the country’s import of mobile devices by less than half in 2017-18.

Pankaj Monhindroo, ICA National President stated, “We are happy to inform you that with the strenuous and calibrated efforts of government of India, ICA and FTTF, India has now emerged as the second largest producer of mobile handset by volume.”

Mohindroo spoke, “We are also happy to inform you that our completely build units as percentage of domestic market has now come down from 78 percent (2014-15) to 18 percent (2017-18).”

The fast track task force (FTTF) has set a target to achieve around 500 million mobile-phone productions in India in 2019, with an estimated value of around $ 46 billion. It has set a target to create $ 8 billion component manufacturing as a result of growth in mobile phone production and create 1.5 million jobs.

The body under the Ministry of Electronics and IT has both industry and government members. FTTF has set a target to export 120 million mobile phone units with an estimated value of 1.5 million by the end of 2019.

“As long as we bring the right focus on exports, we will be able to achieve these numbers,” Mohindroo added.

share on: